Toronto Real Estate Video With Jason Mercer Just Released - March Sales Activity in the GTA


Here is an informative short video about what's going on in the Toronto Real Estate Market and Durham Region Real Estate Market - Hot off the press! http://www.youtube.com/watch?v=8sZGkZ95Pv0

Stunning Whitby Ravine Property!


This one-of-a-kind  ravine property offers a traditional, centre hall plan that oozes elegance. Features include nine foot ceilings, granite and hardwood floors, french doors with leaded glass throughout, a fully finished basement with wet bar and built in dishwasher, tons of potlights, granite counters in both the kitchen and all washrooms,

In-depth Market Outlook for GTA and Durham Region for 2013


This in-depth 23 minute market outlook covers what happened to the real estate market in the Toronto area including Durham Region, and what the outlook is for 2013. This report is interesting and tends to cut through the media frenzy. Click Here to view the report.

Brief, Mild Correction Forecast For Canada's Housing Market In First Half Of 2013


The Royal LePage House Price Survey (Q4) and 2013 Market Survey Forecast was released to the media early this morning. This survey is one of the most respected reports in the industry and will be covered by the media extensively over the next few days. It sounds self-serving (coming from a Realtor) to say this bodes well for Buyers but

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Brief, Mild Correction Forecast For Canada’s Housing Market In First Half Of 2013

Posted on by Keith in Market Updates, Uncategorized | Comments Off

The Royal LePage House Price Survey (Q4) and 2013 Market Survey Forecast was released to the media early this morning. This survey is one of the most respected reports in the industry and will be covered by the media extensively over the next few days.

It sounds self-serving (coming from a Realtor) to say this bodes well for Buyers but increased choice, stable prices and less Buyers in the market is good news for those Buyers willing to negotiate. Keep in mind as you read that this is a National Survey and covers various regions. It may not exemplify circumstances in your town or neighbourhood.

Sellers: watch inventory levels. If they increase substantially you may be competing for Buyers. Keep your expectations realistic. The Survey predicts this environment over the next two years. The Bank of Canada is still concerned with the debt levels Canadians are carrying. Low interest rates will continue to fuel the market but they won’t last forever. If your mortgage is coming due, you may want to explore the 10 year rates as a way to create predictable payments long term.

Here’s a link to the survey

Royal LePage House Price Survey (Q4) and 2013 Market Survey Forecast

Sales Down, Prices Up In Durham Region and Toronto Real Estate Markets

Posted on by Keith in Market Updates, Uncategorized | Comments Off

 TORONTO, January 4, 2013 – Greater Toronto Area REALTORS® reported 3,690 sales through the TorontoMLS system in December 2012 – down from 4,585 sales in December 2011. Total sales for 2012 amounted to 85,731 – down from 89,096 transactions in 2011.

“The number of transactions in 2012 was quite strong from a historic perspective. We saw strong year-over-year growth in sales in the first half of the year, but this growth was more than offset by sales declines in the second half. Stricter mortgage lending guidelines resulted in some households postponing their purchase of a home. In the City of Toronto, the dip in sales was compounded by the additional Land Transfer Tax, which buyers must pay upfront,” said Toronto Real Estate Board (TREB) President Ann Hannah.

The average selling price in December 2012 was up by 6.5 per cent year-over-year to $478,739. The average selling price for 2012 as a whole was up by almost seven per cent to $497,298.

“Robust annual rates of price growth were reported through most months of 2012. Price growth was strongest for low-rise homes, including singles, semis and townhouses. Despite a dip in sales, market conditions remained tight for these home types with substantial competition between buyers,” said TREB’s Senior Manager of Market Analysis Jason Mercer.

My Take:   You would think that a 20% decrease in demand would mean the prices ease instead of increase. So how do prices continue to defy the laws of gravity? It relates to the fact that certain types of housing (not condos) are in shorter supply so demand for those types keeps prices up. This demand and supply changes from market to market, neighbourhood to neighbourhood. That’s why it’s critical to have “local market analysis,” whether you are a Seller of a Buyer.

Nothing To Do With Real Estate

Posted on by Keith in Uncategorized | Comments Off

Written by Regina Brett, 90 years old, of the Plain Dealer, Cleveland , Ohio . “To celebrate growing older, I once wrote the 42 lessons life taught me. It is the most requested column I’ve ever written. My odometer rolled over to 90 in August, so here is the column once more:

1. Life isn’t fair, but it’s still good.

2. When in doubt, just take the next small step.

3. Life is too short – enjoy it..

4. Your job won’t take care of you when you are sick. Your friends and family will.

5. Pay off your credit cards every month.

6. You don’t have to win every argument. Stay true to yourself.

7. Cry with someone. It’s more healing than crying alone.

8. Save for retirement starting with your first pay check.

9. When it comes to chocolate, resistance is futile.

10. Make peace with your past so it won’t screw up the present.

11. It’s OK to let your children see you cry.

12. Don’t compare your life to others. You have no idea what their journey is all about.

13. If a relationship has to be a secret, you shouldn’t be in it…

14 Take a deep breath. It calms the mind.

15. Get rid of anything that isn’t useful. Clutter weighs you down in many ways.

16. Whatever doesn’t kill you really does make you stronger.

17. It’s never too late to be happy. But it’s all up to you and no one else.

18. When it comes to going after what you love in life, don’t take no for an answer.

19. Burn the candles, use the nice sheets, wear the fancy lingerie. Don’t save it for a special occasion. Today is special.

20. Over prepare, then go with the flow.

21. Be eccentric now. Don’t wait for old age to wear purple.

22. The most important sex organ is the brain.

23. No one is in charge of your happiness but you.

24. Frame every so-called disaster with these words ‘In five years, will this matter?’

25. Always choose life.

26. Forgive but don’t forget.

27. What other people think of you is none of your business.

28. Time heals almost everything. Give time time. 29. However good or bad a situation is, it will change.

30. Don’t take yourself so seriously. No one else does..

31. Believe in miracles. 32. Don’t audit life. Show up and make the most of it now.

33. Growing old beats the alternative — dying young.

34. Your children get only one childhood.

35. All that truly matters in the end is that you loved.

36. Get outside every day. Miracles are waiting everywhere.

37. If we all threw our problems in a pile and saw everyone else’s, we’d grab ours back.

38. Envy is a waste of time. Accept what you already have not what you need.

39. The best is yet to come…

40. No matter how you feel, get up, dress up and show up.

41. Yield.

42. Life isn’t tied with a bow, but it’s still a gift.”

A Few Seats Left For The Last Seminar Of The Year!

Posted on by Keith in Uncategorized | Comments Off

What the #@% Is Up With
The Real Estate Market?

There are a TON of opinions when it comes to the Toronto real estate market,
with 50% saying that it’s still a strong seller market and the
other 50% saying the market is in for a correction.

In fact, they are both right depending on the area and type of property you are talking about.

Join us at our LAST real estate seminar for the year, and we’ll peel back the curtain
and show you EXACTLY what’s going on:

  • Which areas are HOT and which are NOT.
  • Are condos in for a correction?
  • Is this a good time to buy your first home?
  • Are there opportunities in the US market?
  • How to find Bank Sales and Foreclosures
  • And much, much more

 

Real Estate Seminar

Thursday Nov 22 2012
Wine & Cheese at 6:30 PM

Seminar:  7 – 9 PM

 

HERE IS WHERE YOU RESERVE YOUR SEAT AT NO COST

 

All attendees will get a signed copy of Simon’s book
Everything You Always Wanted To Know
About Real Estate But Were Afraid To Ask…

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